All limited companies in the UK need to pay corporation tax on their profits. The rate for this tax was increased to 25% in April 2023. Now, as a business owner in Reading, if you are wondering how you can minimise it or whether there are methods to do so, this discussion can help. But … Continue reading Reduce Your Corporation’s Tax Bill by Following These Steps
Tag Archives: accountants
A few changes in capital gains tax were announced in the budget of November 2022. It was announced that the changes will take place in 2023 and 2024. Today, we will be taking a look at these changes. So, if you are reading and speculating about the differences, now is the time to go through … Continue reading Changes in Capital Gains Tax in 2024 – Points to Know
As a business owner, one of the things that you will always want to avoid is debt. However, sometimes debt can become part and parcel of your business. But if you are in Reading, you need not worry since you can manage the same with the help of suggestions provided to you by the best … Continue reading How to Manage Your Business Debt With Accounting?
Before we get into the thick of things in regards to VAT charged on mixed property, let’s find out what a mixed property is. Going by the legal definition in accordance to the UK laws, a property that has both residential as well as non-residential elements in it can be termed as a mixed property. … Continue reading A Brief Account of VAT charged on a Mixed Property in the UK
Before we get into an in depth discussion about Multiple Dwelling Relief, let us at first what it is. By lay man’s terms, it is an exemption provided by the HMRC to an individual, on the tax that is payable on the monetary transaction for the purchase of more than one dwellings. In fact, a … Continue reading What All Does an Accountant Need to Tell You about Multiple Dwelling Relief?
Thanks to the new Off-Payroll working rules, often referred to as the New Rules, which have come into effect on and from 6th April 2021, the professional accountants have their tasks cut out. They have the responsibility of guiding their clients to make the most of the new rules. Here is where, probably the advantage … Continue reading Roles & Responsibilities of Professional Accountants in Regards to New Pay-off Working Rules
Before we get into the thick of things, let us at first see what National Insurance (NI) is. Technically speaking, NI has similarities to income tax, but with a difference. Unlike income tax, NI helps to pay up for certain state benefits at times when an individual needs assistance in certain situations, like when they … Continue reading Role of Experienced Accountants in Providing Guidance on HMRC Class 2 National Insurance
Value Added Tax (VAT), in layman’s terms, can be defined as a tax that is levied on the consumption of various goods and services. Generally, any business would charge VAT on its customers based on the sales that they have generated. It will then remit the VAT that it has collected, to the National Tax … Continue reading What is Going to be the Likely Impact on VAT after Brexit?
The COVID 19-driven pandemic has changed our lives for quite some time, if not forever. It has changed the way we live, we think and above all, we behave. This sudden and all-encompassing change has affected every area of our life. The world of business has also seen a sea change during the post lockdown … Continue reading Efficacy of Cloud-based Accountancy in New normal Situation
Thanks to the COVID 19-triggered pandemic and the resulting lockdown, the economic scenario has seen a sea change in every aspect, prompting the governments from around the world to take steps on the economic front to deal with issues. The Govt. of the UK is no exception. It has brought in quite a few changes … Continue reading Things to Know About to Run Business in This Neo-Normal Pandemic-Ridden Scenario
